LIST OF ABBREVIATIONSACF Auto-Correlation FunctionAD Authorized DealerADB Asian Development Bank
ADR American Depository Receipt AFS Annual Financial...
Sunday, 19 February 2017
HISTORY OF INDIAN BANKING INDUSTRY
Posted by LIPIKA SARKAR on 02:59 with No comments
HISTORICAL
BACKGROUND
The first bank of
limited liability managed by Indians was Oudh Commercial Bank founded in 1881.
Punjab National Bank was established in 1894 .
Swadeshi movement, which
began in 1906, encouraged the formation of a number of commercial banks.
Banking crisis during 1913 -1917 and failure of 588 banks in various States
during the decade ended 1949 underlined the need for regulating and controlling
commercial. banks.
...
Friday, 17 February 2017
BANKING TERMS FOR BANKING INTERVIEW
Posted by LIPIKA SARKAR on 08:06 with No comments
1. What is a Repo Rate?
A:
Repo rate is the rate at which our banks borrow rupees from RBI.
Whenever the banks have any shortage of funds they can borrow it from
RBI. A reduction in the repo rate will help banks to get money at a
cheaper rate. When the repo rate increases, borrowing from RBI becomes
more expensive.
2. What is Reverse Repo Rate?
A: This is exact opposite of Repo
rate. Reverse Repo rate is the rate at which Reserve Bank of India (RBI)
borrows money from banks. RBI uses this tool when it feels there is too
much money...
Spotting Errors
Posted by LIPIKA SARKAR on 08:03 with No comments
Spotting Errors Here we provide some "IBPS BANK EXAMS or ANY OTHERS GOVT. SPONSORED EXAMINATIONS" English Error Spotting practice set with explanation for upcoming Exams. This quiz contains important questions which match the pattern of
IBPS and other Banking or any government Exams, so make sure that you attempt today’s this Spotting Errors English Quiz to check and improve your preparation level.
Read each sentence to find out whether there is
any grammatical error or idiomatic in it. The...
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